55091. An ASEAN Perspective on APEC
- Author:
- Yoji Akashi
- Publication Date:
- 08-1997
- Content Type:
- Working Paper
- Institution:
- Kellogg Institute for International Studies
- Abstract:
- This paper presents the history of APEC in terms of the different goals and fears of the participants and their perceptions of each others' agendas. The author contrasts the Western approach, as exemplified by the US push to institutionalize APEC and introduce binding, formal agreements, with the 'Asian way,' which emphasizes consensus, consultation, and flexibility. By reaching a better understanding of why various key players acted as they did in the past, the author seeks to provide a guide to what should and should not be expected regarding the breadth, specificity, and enforcement mechanisms of future regionwide trade agreements in the Pacific Rim. Ministers of trade and foreign affairs from twelve nations of the Pacific Rim gathered in Canberra in November 1989 to discuss trade liberalization and closer regional cooperation in such specific areas as investment, technology transfer, and manpower training and to plan a new organization that they hoped would shape the future of the world's most dynamic economic region, embracing 1.9 billion people whose combined economies accounted for 24% of world output.
- Topic:
- Security and International Political Economy
- Political Geography:
- East Asia and Southeast Asia